Ex-UBS Banker Gets 3 Years For Tax Evasion Scheme

Law360, New York (August 21, 2009, 6:09 PM EDT) -- A federal judge has ordered more than three years in prison for a former UBS AG banker who admitted helping a billionaire client avoid U.S. taxes by hiding $200 million from the Internal Revenue Service in secret offshore accounts.

Judge William Zloch of the U.S. District Court for the Southern District of Florida imposed the 40-month sentence Friday on Bradley Birkenfeld, who pled guilty last June to one count of conspiracy to defraud the U.S. government of approximately $7.2 million in tax revenue.

The 44-year-old banker...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.